Cerberus appoints ex Divirian exec with Haya sale in the future

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The US fund has appointed Enrique Dancausa as the new General Manager of Business and Operations of the real estate company to reinforce it before the purchase offers it has.

Cerberus has reinforced Haya Real Estate before selling it

Enrique Dancausa, one of the most influential executives of the US fund in Spain and former President and CEO of Divarian, has been named the new CEO of Haya Real Estate to take charge of business and operations.

In this way, Cerberus strengthens its subsidiary before selling it, an operation in which Citi also participates and for which it expects to obtain 1,200 million euros. For the moment, it has already received offers from investors doBank, Centerbridge and Centricus, according to El Confidencial.

This signing supports the formal merger that Cerberus wants to make of the assets of Divarian in Haya to give security to investors in the face of the uncertainty that exists over the real estate contract with Sareb, which expires at the end of the year and that has not yet been renovated.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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